Edison Inv. Res Comments on ADS-TEC Energy PLC's FY2024 Earnings (NASDAQ:ADSE)

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ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) - Investment analysts at Edison Inv. Res issued their FY2024 earnings estimates for shares of ADS-TEC Energy in a research note issued to investors on Tuesday, April 9th. Edison Inv. Res analyst D. Larkam anticipates that the company will post earnings per share of ($0.03) for the year. The consensus estimate for ADS-TEC Energy's current full-year earnings is ($0.69) per share. Edison Inv. Res also issued estimates for ADS-TEC Energy's FY2025 earnings at $0.31 EPS and FY2026 earnings at $0.80 EPS.

ADS-TEC Energy Price Performance

Shares of ADS-TEC Energy stock remained flat at $10.40 during midday trading on Friday. 11,011 shares of the company traded hands, compared to its average volume of 71,472. The business has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $7.91. ADS-TEC Energy has a 52-week low of $1.90 and a 52-week high of $11.48.

Hedge Funds Weigh In On ADS-TEC Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of ADS-TEC Energy in the 4th quarter valued at approximately $290,000. Raymond James & Associates raised its position in shares of ADS-TEC Energy by 22.0% in the 4th quarter. Raymond James & Associates now owns 286,090 shares of the company's stock valued at $2,046,000 after purchasing an additional 51,536 shares during the last quarter. Osaic Holdings Inc. increased its holdings in ADS-TEC Energy by 362.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,230 shares of the company's stock worth $33,000 after buying an additional 4,100 shares during the period. Geode Capital Management LLC increased its holdings in ADS-TEC Energy by 53.3% in the 2nd quarter. Geode Capital Management LLC now owns 22,551 shares of the company's stock worth $144,000 after buying an additional 7,842 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in ADS-TEC Energy in the 3rd quarter worth approximately $134,000. 51.65% of the stock is owned by hedge funds and other institutional investors.


About ADS-TEC Energy

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ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.

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